Vanguard Personalized Indexing Management LLC Raises Holdings in Packaging Corporation of America $PKG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Packaging Corporation of America by 22.2% during the second quarter, acquiring an additional 1,985 shares, bringing its total shares to 10,936 valued at approximately $2.06 million.
• Research analysts have a Moderate Buy rating on the stock, with a recent average price target of $229.33, noting multiple upgrades and changes in ratings from firms like Wells Fargo and Citigroup.
• The company announced a quarterly dividend of $1.25 per share, contributing to a 2.4% annualized yield and a payout ratio of 49.90%.

Vanguard Personalized Indexing Management LLC increased its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 22.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,936 shares of the industrial products company's stock after acquiring an additional 1,985 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Packaging Corporation of America were worth $2,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Packaging Corporation of America by 45.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,024 shares of the industrial products company's stock worth $205,000 after purchasing an additional 321 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Packaging Corporation of America by 29.1% during the 1st quarter. GAMMA Investing LLC now owns 3,138 shares of the industrial products company's stock worth $621,000 after purchasing an additional 707 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Packaging Corporation of America by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after purchasing an additional 1,531 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Packaging Corporation of America by 20.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 66 shares during the period. Finally, Mission Wealth Management LP boosted its holdings in Packaging Corporation of America by 20.9% during the first quarter. Mission Wealth Management LP now owns 1,831 shares of the industrial products company's stock worth $363,000 after buying an additional 316 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on PKG shares. Wells Fargo & Company lifted their price objective on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an "equal weight" rating in a report on Tuesday, October 7th. Citigroup lifted their price target on Packaging Corporation of America from $214.00 to $218.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. Truist Financial increased their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a "buy" rating in a research report on Monday. UBS Group dropped their price objective on Packaging Corporation of America from $226.00 to $225.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Zacks Research raised Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $229.33.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the transaction, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock opened at $205.38 on Friday. The stock has a market capitalization of $18.48 billion, a P/E ratio of 20.50, a PEG ratio of 1.23 and a beta of 0.91. The business has a 50 day simple moving average of $210.53 and a two-hundred day simple moving average of $198.65. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America's dividend payout ratio is 49.90%.

About Packaging Corporation of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.

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